Santa Clara Group
One of the members is Delia who sells underwear; she comments that her customers are both women and men so she does very well. She wants to continue growing in her business so is asking for help from the Fundación and from Kiva to buy underwear for men and women to meet customer demand and to be able to offer more variety.
Una D. las miembros es la señora Delia, quien se dedica a la venta D. prendas intimas, comenta que tiene muchos clientes, tanto hombres como mujeres, y es por ello que le va muy bien, quiere seguir creciendo en su negocio por lo que solicita la ayuda D. la fundación y D. kiva, para la compra D. prendas intimas para hombres y mujeres, con ello podrá cumplir con la demanda D. sus clientes y además D. eso podrá ofrecerles más variedad.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid